--- title: "Large Midcap vs Midcap | RupeeCase Strategy Comparison" description: "Large Midcap vs Midcap: model CAGR 37.8% against 38.8%, back tested as of 27 Apr 2026, shared holdings and who each suits." source_url: "https://www.rupeecase.com/strategies/compare/large-midcap-vs-midcap" --- Strategy against strategy # Large Midcap vs Midcap Large Midcap (momentum, Nifty LargeMidCap 250) against Midcap (momentum, Nifty Midcap 150): two model curves on one chart, every risk figure side by side, the holdings they share and who each is written for. * **37.8%**Large Midcap, CAGR * **38.8%**Midcap, CAGR * **−19.3%**Large Midcap, deepest fall * **−24.9%**Midcap, deepest fall Model, back tested. As of 27 Apr 2026. After charges. Not a promise of future returns. 01Two model curves ## ₹100 in each, May 2021 to Jul 2026. Large Midcap**₹538**Midcap**₹560**Nifty 50 TRI, 9.8% CAGR line**₹162** 150 200 300 500 Both models rebased to 100 at their common first month, log scale, with the Nifty 50 TRI drawn as its 9.8% CAGR line. Model, back tested. As of 27 Apr 2026. After charges. 02Every figure ## 14 rows, side by side. A tick marks the better figure of the two: higher return and ratios, shallower fall, lower volatility, lower entry. The Nifty 50 column is the index over the same window. MetricLarge MidcapMidcapNifty 50 TRI CAGR37.83%38.75%9.8% Sharpe ratio1.691.490.73 Sortino ratio1.601.460.70 Calmar ratio2.081.660.58 Max drawdown−19.31%−24.87%−16.92% Volatility, a year21.36%25.44%14.04% Net return, cumulative+384.75%+423.17%+59.62% Back test windowrolling 5 yearsrolling 5 years Minimum capitalAbout ₹1,99,000About ₹90,000 Stocks held402050 RebalanceEvery 2 weeksEvery 2 weeks UniverseNifty LargeMidCap 250Nifty Midcap 150Nifty 50 Risk bandModerately HighHigh TierGrowth coreGrowth core CAGR, Sharpe and max drawdown: Model, back tested. As of 27 Apr 2026. Sortino, Calmar, volatility and net return: model, back tested over each strategy's own window, to 27 Apr 2026. Minimum capital as of 8 Aug 2026. Not a promise of future returns. 03Holdings overlap ## 20 names in both lists. 20 of the 40 names in Large Midcap also sit in Midcap (20 names): 50% of the larger list. Lists as of 11 May 2026 and 11 May 2026. ### Held by both20 * SUZLON * MAHABANK * COCHINSHIP * IDEA * BHEL * NATIONALUM * PREMIERENE * SAIL * NLCINDIA * HUDCO * ATGL * THERMAX * GVT&D * NAM-INDIA * TORNTPOWER * BSE * BHARATFORG * LLOYDSME * RADICO * MCX ### Only in Large Midcap20 * NTPCGREEN * ADANIENT * ADANIPOWER * VEDL * VBL * TATAPOWER * JSWENERGY * HAL * AUROPHARMA * NESTLEIND * LODHA * GODREJIND * CGPOWER * HINDALCO * ADANIGREEN * ADANIENSOL * PFC * SIEMENS * ADANIPORTS * ENRIN ### Only in Midcap0 Model portfolios on the published lists; tickers are not recommendations. Holding both means the shared names carry weight twice. 04The trade off ## Who each is written for. * **Higher model growth:** Midcap (38.75% against 37.83%) * **Better risk adjusted return:** Large Midcap (Sharpe 1.69 against Sharpe 1.49) * **Shallower deepest fall:** Large Midcap (19.31% against 24.87%) * **Lower entry:** Midcap (₹90,000 against ₹1,99,000) ### Large Midcap **Moderately High** risk band Written forInvestors who want growth but read a 25% drawdown as opportunity, not panic Time horizon5 years or longer. Drawdowns of 19% have happened in the backtest and can happen again. Capital you might need within 12 months should not be here. CapitalAbout ₹1,99,000, one share of every holding at recent prices [Large Midcap strategy page](/strategies/large-midcap) ### Midcap **High** risk band Written forGrowth-oriented investors comfortable with double-digit drawdowns Time horizon5 years or longer. Drawdowns of 25% have happened in the backtest and can happen again. Capital you might need within 12 months should not be here. CapitalAbout ₹90,000, one share of every holding at recent prices [Midcap strategy page](/strategies/midcap) A description of each strategy, not a recommendation. Decide your own allocation, or ask a SEBI registered investment adviser. Model, back tested. As of 27 Apr 2026. 05Next ## Change the pair, or go deeper. [Pick any two strategies](/compare#pairs) * [Strategy pageLarge MidcapFour numbers, the factsheet, Invest](/strategies/large-midcap) * [Strategy pageMidcapFour numbers, the factsheet, Invest](/strategies/midcap) * [FactsheetLarge MidcapPrint first, every month and holding](/strategies/factsheets/large-midcap) * [FactsheetMidcapPrint first, every month and holding](/strategies/factsheets/midcap) ### More pairs * [vsMidcap vs Midcap SmallcapCAGR 38.8% and 42.6%](/strategies/compare/midcap-vs-midcap-smallcap) * [vsMidcap vs SmallcapCAGR 38.8% and 37.4%](/strategies/compare/midcap-vs-smallcap) * [vsMidcap Smallcap vs Large MidcapCAGR 42.6% and 37.8%](/strategies/compare/midcap-smallcap-vs-large-midcap) * [vsMidcap vs Energy BasketCAGR 38.8% and 33.1%](/strategies/compare/midcap-vs-energy-basket) * [vsMidcap vs AllcapCAGR 38.8% and 44.7%](/strategies/compare/midcap-vs-allcap) 06Questions ## Large Midcap vs Midcap, in plain words. ### Which has the higher model CAGR, Large Midcap or Midcap? Midcap: 38.75% against 37.83%, with the Nifty 50 TRI line at 9.8%. Model, back tested. As of 27 Apr 2026. After charges; past performance does not guarantee future returns. ### Which fell less in the back test, Large Midcap or Midcap? Large Midcap: a deepest model fall of 19.31% against 24.87%. Large Midcap's deepest daily drawdown ran 378 days from 27 Sep 2024. Midcap's ran 322 days from 20 Dec 2024. Model, back tested. As of 27 Apr 2026. Drawdowns of similar size can happen again. ### Can I hold Large Midcap and Midcap together? Yes, each is a separate rules based index in your own demat, and 20 names sit in both lists today, so they carry weight twice. Minimum capital is about ₹1,99,000 and ₹90,000; the fee is 0.2% of traded value per rebalance on each. RupeeCase is not an investment adviser; decide your own allocation. Explore next ## Go deeper on both strategies. * [Free module 2.3Risk Metrics That Matter8 min read](/learn/path-2/module-2-3-risk-metrics-that-matter) * [StrategyLarge Midcap strategyNifty LargeMidCap 250, 40 stocks, every 2 weeks](/strategies/large-midcap) * [StrategyMidcap strategyNifty Midcap 150, 20 stocks, every 2 weeks](/strategies/midcap) * [FactsheetLarge Midcap factsheetOne page, print ready, model back test](/strategies/factsheets/large-midcap) * [FactsheetMidcap factsheetOne page, print ready, model back test](/strategies/factsheets/midcap) * [Head to headCompare Midcap with Midcap SmallcapTwo model curves, every risk figure](/strategies/compare/midcap-vs-midcap-smallcap) ## Large Midcap or Midcap. Read both, then decide. [Invest in Large Midcap](https://invest.rupeecase.com/signup?strategy=large-midcap)[Invest in Midcap](https://invest.rupeecase.com/signup?strategy=midcap) 0.2% of traded value per rebalance. No AUM fee, no lock in. Model, back tested. As of 27 Apr 2026.